Stocks pared gains in the final hour of trading another session of quiet trading despite unrest in the Middle East and Libya, debt troubles in Europe, and mixed economic news in the U.S. Chevron and IBM gained, while HP fell.
Stocks closed higher Thursday as investors appeared to shrug off persistent global concerns and focus on strong earnings and growth prospects in the U.S. HP and Home Depot led Dow gainers, while BofA fell.
Stocks held strong gains in the final hours of trading Thursday as investors appeared to shrug off persistent global concerns and focus on growth prospects in the U.S. economy. HP and Home Depot rose, while Bank of America fell.
Stocks continued to climb Thursday, boosted by gains in tech, as investors appeared to shrug off worries that Portugal may need a bailout.
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Of the major US indices, only the Dow is clinging to gain on the year, and only three S&P 500 sectors remain in positive territory: energy, industrials and consumer discretionary.
Already the competition is heating up, and its only Day 2 of Fast Money Madness, our annual tournament to determine the best stock of the year.
“People wait all year for football season. It would be terrible for the whole industry, it would be like the baseball strike was — fans suffer, businesses suffer. We’re hoping cooler heads will prevail.”
Stocks closed slightly lower after struggling in a narrow range Wednesday as oil prices ended mixed on the second anniversary since the S&P 500 hit its low point of the financial crisis. Caterpillar fell, while IBM rose.
Stocks turned lower in the final minutes of trading after struggling in a narrow range Wednesday as oil prices ended mixed on the second anniversary since the S&P 500 hit its low point of the financial crisis. Caterpillar fell, while IBM rose.
The markets have come a long way during the 2-year old bull market. At 2 years “young,” the current bull market still isn’t even half the length of average bull market cycles since 1940.
Apple's first foray into selling its iPhone in China at the end of 2009 failed to hit analyst expectations. Months after the official launch of the iPhone 3GS model, sales were nowhere near on track to hit the 5 million Apple’s partner, China Unicom, had announced as its goal. Many argued that high prices and regulations limiting Wi-Fi chips in smartphones were to blame.
There's something new on the menu at McDonald's in Hong Kong: weddings. Since January, the fast food chain has been offering wedding packages to customers at three Hong Kong locations, and according to a report in Time magazine, the demand has been brisk.
The Federal Reserve is scheduled to write rules for debit card fees in April, and lobbyists for merchants and the banking industry are determined to sway the outcome, the New York Times reports.
China may be the world’s biggest- and fastest-growing consumer market, but a handful of overseas retailers have continued to struggle in the market.
Last year Chinese consumers bought $9 billion of luxury items, the 2nd highest in the world. Overall, retail sales there soared 18 percent and firms like Apple and YUM generated billions in revenue. Nike earned around $800 million in profits there in 2010 on nearly $2 billion in revenue.
The Barbie concept store in Shanghai Mattel’s decision to shut its flagship store in Shanghai follows failures by other U.S. retailers in China including Home Depot and Best Buy. The FT reports.
Just because prices are going up doesn't mean your portfolio has to suffer. An inflationary environment may be difficult for a lot of companies, but there are some names that appear poised to profit.
Sears is a mess, but in his annual letter to shareholders today, Chairman Eddie Lampert compared the company with Apple.